Beaver Dams, Chemung County, New York Property Taxes
Median Beaver Dams, NY effective property tax rate: 3.24%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Beaver Dams, NY home value: $92,584
Median annual Beaver Dams, NY tax bill: $3,039, $639 higher than the national median property tax bill of $2,400.
How are property taxes in Chemung calculated?
Property taxes in Beaver Dams, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Beaver Dams’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Beaver Dams, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Beaver Dams, Chemung County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.24%
Estimate Property Tax Bill
$3,000
$2,784
Property Tax Rates Across Beaver Dams, Chemung County, New York
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually calculates its budgetary needs to provide essential services and then divides this by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. While setting tax rates and budgets involves votes and legislation, this is essentially the annual procedure.
In Beaver Dams, located in Chemung County, NY, the effective property tax rate stands at 3.24%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in New York, Beaver Dams' rate is on par with the highest median tax rate in the state, which is also 3.24%. This can result in a higher property tax bill compared to the national median bill of $2,400. Understanding these differences is crucial for property owners who wish to appeal their taxes or seek exemptions, as it can lead to significant savings.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Beaver Dams Tax Rate
3.24%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Chemung County Tax Rate
2.93%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Beaver Dams, Chemung County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14812 | 2.59% | 3.20% | 3.24% | 3.37% | 3.40% |
Source: Ownwell
Property Tax Assessment Values Across Beaver Dams, Chemung County, New York
When examining property taxes in Beaver Dams, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Chemung County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Chemung County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Beaver Dams. For example, the median home price in Beaver Dams is $92,584, with tax bills ranging significantly across the county. Zip code 14812 has the highest median home price at $92,584.
Property Tax Assessment Values Across Beaver Dams, Chemung County, New York
Source: Ownwell
$64,286
$118,543
$172,800
Median Beaver Dams Market Value
$92,584
Median Chemung County Market Value
$104,684
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Beaver Dams, Chemung County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14812 | $17,978 | $73,034 | $92,584 | $149,438 | $228,090 |
Source: Ownwell
Property Tax Bills Across Beaver Dams, Chemung County, New York
In Beaver Dams, Chemung County, NY, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the market value, and local tax authorities set the rate. Homeowners in Beaver Dams face a median tax bill of $3,039, significantly higher than the national median of $2,400. The tax bill can range from $2,386 at the 25th percentile to $6,884 at the 90th percentile, reflecting variations in property values and assessment practices. High property taxes can be a financial burden for homeowners, impacting their overall cost of living and home affordability.
Ownwell provides a solution by offering property tax appeal services, helping homeowners potentially lower their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in filing appeals to reduce their assessed value, leading to potential savings. This service helps homeowners manage their expenses more effectively, ensuring they only pay their fair share in property taxes.
Median Beaver Dams Tax Bill
$3,039
Median Chemung County Tax Bill
$3,435
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Beaver Dams, Chemung County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14812 | $540 | $2,386 | $3,039 | $4,625 | $6,884 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Chemung Assessment Review Commission | |
| Website | www.arcgis.com |